TD Cowen Issues Positive Forecast for Hub Group (NASDAQ:HUBG) Stock Price

Hub Group (NASDAQ:HUBG) had its price target hoisted by TD Cowen from $43.00 to $49.00 in a research report released on Thursday, Marketbeat Ratings reports. TD Cowen currently has a hold rating on the transportation company’s stock.

A number of other analysts have also weighed in on the company. UBS Group upped their target price on Hub Group from $42.00 to $48.00 and gave the stock a “neutral” rating in a report on Friday, August 2nd. JPMorgan Chase & Co. upped their price objective on Hub Group from $43.00 to $51.00 and gave the stock a “neutral” rating in a research note on Friday, August 2nd. Susquehanna raised their price objective on Hub Group from $44.00 to $50.00 and gave the company a “neutral” rating in a research report on Thursday, September 26th. Benchmark reiterated a “buy” rating and issued a $47.00 target price on shares of Hub Group in a report on Tuesday, September 17th. Finally, Evercore ISI raised their price target on shares of Hub Group from $41.00 to $43.00 and gave the company an “in-line” rating in a report on Thursday, October 3rd. Ten investment analysts have rated the stock with a hold rating and three have given a buy rating to the company. According to data from MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus target price of $46.17.

Hub Group Price Performance

Shares of HUBG stock opened at $43.39 on Thursday. The stock has a market capitalization of $2.70 billion, a price-to-earnings ratio of 24.65 and a beta of 0.88. The company has a current ratio of 1.32, a quick ratio of 1.32 and a debt-to-equity ratio of 0.13. Hub Group has a twelve month low of $33.38 and a twelve month high of $48.39. The stock has a fifty day simple moving average of $44.33 and a two-hundred day simple moving average of $43.42.

Hub Group (NASDAQ:HUBG) last issued its earnings results on Wednesday, October 30th. The transportation company reported $0.52 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.49 by $0.03. The company had revenue of $986.89 million for the quarter, compared to analysts’ expectations of $1.06 billion. Hub Group had a net margin of 2.74% and a return on equity of 7.43%. The firm’s quarterly revenue was down 3.7% on a year-over-year basis. During the same period in the prior year, the business earned $0.49 EPS. On average, analysts predict that Hub Group will post 1.92 EPS for the current fiscal year.

Hub Group Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Wednesday, September 25th. Investors of record on Friday, September 6th were paid a $0.125 dividend. This represents a $0.50 dividend on an annualized basis and a yield of 1.15%. The ex-dividend date was Friday, September 6th. Hub Group’s dividend payout ratio (DPR) is presently 28.41%.

Institutional Inflows and Outflows

A number of hedge funds have recently bought and sold shares of HUBG. Family Firm Inc. acquired a new stake in shares of Hub Group during the second quarter worth $26,000. GAMMA Investing LLC raised its stake in Hub Group by 65.0% in the 3rd quarter. GAMMA Investing LLC now owns 711 shares of the transportation company’s stock worth $32,000 after acquiring an additional 280 shares during the last quarter. Point72 Hong Kong Ltd acquired a new stake in Hub Group during the 2nd quarter worth about $34,000. Fidelis Capital Partners LLC purchased a new stake in Hub Group during the 1st quarter valued at about $38,000. Finally, EntryPoint Capital LLC acquired a new position in shares of Hub Group in the first quarter valued at about $52,000. Institutional investors and hedge funds own 46.77% of the company’s stock.

About Hub Group

Hub Group, Inc, a supply chain solutions provider, offers transportation and logistics management services in North America. The company's transportation services include intermodal, truckload, less-than-truckload, flatbed, temperature-controlled, and dedicated and regional trucking, as well as final mile, railcar, small parcel, and international transportation.